South Africa’s Competition Commission has recommended the approval of Canal+’s takeover of MultiChoice — but with conditions.
Why it matters
The green light, pending final approval from the Competition Tribunal, brings French media giant Canal+ one step closer to fully acquiring the South African pay-TV broadcaster.
The move could reshape Africa’s media landscape.
Details:
- Canal+, owned by Vivendi, last year offered R125 ($6.97) per share for MultiChoice — a deal worth about R35 billion ($1.96 billion).
- The offer values MultiChoice at around R55 billion ($3 billion).
- The Commission says the acquisition can proceed only if certain public interest conditions are met.
What’s next
The Tribunal will consider the Commission’s recommendation before issuing a final ruling.
Between the lines
Canal+ has steadily increased its stake in MultiChoice over the years, signaling long-term ambitions to expand its footprint across Africa’s media and streaming market.
Source: Reuters
